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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID DW22070397
Sold Date 06/29/22
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Type of Financing Conventional
Property Type Res Income 2-4 Units
Property Description
A great 4(1x1) building with 9 garages opportunity in the heart of Alamitos Beach. Building is well maintained and has a one year old roof with some copper plumbing. The building has an on site owner owned laundry room that generates extra income. Orange Avenue is short 1.5 blocks walk from beach. It is near Downtown and Belmont Shores dining and entertainment. The location attracts quality tenants, looking for an exceptional living experience and a vibrant neighborhood. Property provides tenants with a landscaped, peaceful, safe and enjoyable secured private courtyard. Each tenant has a garage with direct in and out access to the courtyard. Long Beach is freeway close to Los Angeles and Orange county employment centers. All units have crown molding, baseboards and wood trim around all windows and doors. Property may offer the opportunity to convert some of the garages into ADUs for more income. Advise checking with City of Long Beach. Property has been professionally managed for many years. Garages annual income included in Gross Schedule Income. Also add rented 5 garages sq.ft. (1,150) to 2592 sq. ft. for accurate rental sq. ft.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East Of Ocean Blvd West of 2nd St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Sergio Macias Kohr Group Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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